0000876167-21-000142.txt : 20211005
0000876167-21-000142.hdr.sgml : 20211005
20211005171625
ACCESSION NUMBER: 0000876167-21-000142
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211001
FILED AS OF DATE: 20211005
DATE AS OF CHANGE: 20211005
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gupta Yogesh K
CENTRAL INDEX KEY: 0001301277
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19417
FILM NUMBER: 211307697
MAIL ADDRESS:
STREET 1: C/O PROGRESS SOFTWARE CORPORATION
STREET 2: 14 OAK PARK DRIVE
CITY: BEDFORD
STATE: MA
ZIP: 01730
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PROGRESS SOFTWARE CORP /MA
CENTRAL INDEX KEY: 0000876167
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 042746201
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1130
BUSINESS ADDRESS:
STREET 1: 14 OAK PARK DRIVE
CITY: BEDFORD
STATE: MA
ZIP: 01730
BUSINESS PHONE: 781-280-4473
MAIL ADDRESS:
STREET 1: 14 OAK PARK DRIVE
CITY: BEDFORD
STATE: MA
ZIP: 01730
4
1
wf-form4_163346852573196.xml
FORM 4
X0306
4
2021-10-01
0
0000876167
PROGRESS SOFTWARE CORP /MA
PRGS
0001301277
Gupta Yogesh K
C/O PROGRESS SOFTWARE CORPORATION
14 OAK PARK DRIVE
BEDFORD
MA
01730
1
1
0
0
Chief Executive Officer
Common Stock
2021-10-01
4
M
0
5255
0
A
25351
D
Common Stock
2021-10-01
4
F
0
2331
49.6675
D
23020
D
Common Stock
2021-10-01
4
M
0
4082
0
A
27102
D
Common Stock
2021-10-01
4
F
0
1811
49.6675
D
25291
D
Common Stock
2021-10-01
4
M
0
5281
0
A
30572
D
Common Stock
2021-10-01
4
F
0
2343
49.6675
D
28229
D
Common Stock
100000
I
By Irrevocable Trust
Restricted Stock Units
2021-10-01
4
M
0
5255
0
D
Common Stock
5255.0
5255
D
Restricted Stock Units
2021-10-01
4
M
0
4082
0
D
Common Stock
4082.0
12246
D
Restricted Stock Units
2021-10-01
4
M
0
5281
0
D
Common Stock
5281.0
26410
D
Restricted stock units convert into common stock on a one-for-one basis.
Includes 780 shares of common stock acquired by the Reporting Person through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan on March 31, 2021.
Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 22, 2019.
Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 21, 2020.
Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 19, 2021.
These shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is the trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the inclusion of these securities in this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
On January 22, 2019, the Reporting Person was granted 31,529 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2019, subject to the continued employment of the Reporting Person with the Company.
On January 21, 2020, the Reporting Person was granted 24,492 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2020, subject to the continued employment of the Reporting Person with the Company.
On January 19, 2021, the Reporting Person was granted 31,691 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2021, subject to the continued employment of the Reporting Person with the Company.
Stephen H. Faberman, Attorney-in-Fact
2021-10-05